87 Perry Bay

Mission Gardens, Winnipeg

Property score

68.0

Good

Overall 68.0 · Compared with neighbourhood average

1,200 sqft (top 33%) · Built in 1976 (12 yrs older than avg)

Located in a high-income area with median household income of ~98k

Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 4 schools, and 3 parks nearby

Living Area

Near average

3% larger than neighborhood avg.

Year Built

Below average

12 yrs older than neighborhood avg.

Mother tongue

English · 77%French · 4%

Past 10 years Mission Gardens sales snapshot (~80% of all data)

Sold Count

456

Median price

413k

$/sqft

$355/sqft

Avg build year

1988

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Property score

68.0 is composed by the two sections below.

Property Score

64.7Fair
Living Area1,200 sqft66Good
Year Built197667Good
Lot Size5,497 sqft67Good
Neighbourhood Sales Activity32Low

Community Score

73.0Good
Household Income84Excellent
Education Level34Low
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health42Low

Neighbourhood Sales

Mission Gardens

How to read: Share of sales in each ~$50k price band for “mission gardens” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110818

Community deep dive

$98K

Median household income

$112K

Average household income

4%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.8

P90 / P10 ratio

15%

Single-person households

30%

Families with children

Population, labour & age

Population (2021)262
Labour force participation rate56%
Median age47.6
Avg household size2.6
Unemployment rate14%
Population density2911 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households15%
Couple families with children30%
Median household income (2020)$98K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$372K

Diversity, education & language

Immigrants (share of pop.)29%
Visible minority36%
Bachelor's or higher (25–64)17%
Mother tongue (1st)English · 77%
Mother tongue (2nd)French · 3%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,200 sqft
0255075100
Same streetTop 10%Same areaTop 33%CitywideTop 50%
Same street · Perry Bay
#4 / 40
Top 10% · Avg 1,009 sqft
Same area · Mission Gardens
#456 / 1,366
Top 33% · Avg 1,162 sqft
Citywide · Winnipeg
#97,378 / 194,458
Top 50% · Avg 1,342 sqft

Tax-Assessed Value

above average
359k
0255075100
Same streetTop 30%Same areaBottom 49%CitywideBottom 49%
Same street · Perry Bay
#12 / 40
Top 30% · Avg 346.9k
Same area · Mission Gardens
#700 / 1,366
Bottom 49% · Avg 373.4k
Citywide · Winnipeg
#98,457 / 194,458
Bottom 49% · Avg 390.1k

Year Built

Elite
1976
0255075100
Same streetTop 3%Same areaBottom 32%CitywideTop 39%

Lot Size

around average
5,497 sqft
0255075100
Same streetBottom 43%Same areaTop 38%CitywideTop 43%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

87 Perry Bay — 7 amenities found within 500 m, across 2 categories, including 4 education (nearest 188 m), 3 parks (nearest 178 m).

Search radius
🏫Education4
🌳Parks3

Crime & Safety

Mission Gardens · WPS public data · 2026

Annual incidents

9

2026

vs. city avg

-69%

relative to avg

Year-over-year

-93%

vs. prior year

Primary type

Property

67%

Sales History

Sold 10/2023CA$400k–450k
Sold price

Same street

Top 18%

Same area

Top 21%

City-wide

Top 32%

Related homes

Highlights & common questions: 87 Perry Bay, Winnipeg

Property Overview

This home at 87 Perry Bay in Winnipeg's Mission Gardens neighbourhood presents a compelling mix of space, value, and established character. Built in 1976, it offers 1,200 sqft of living area on a 5,497 sqft lot, with an assessed value of $35,900.

Key Characteristics & Appeal

The primary appeal of this property lies in its strong relative value and efficient use of space within a mature neighbourhood. Its living area is notably above average for its immediate street (ranking in the top 10% of 40 nearby homes) and the home itself is the newest build on Perry Bay. This suggests a well-maintained or potentially updated interior within a streetscape of older homes. The assessed value is stable and above the street average, indicating a solid investment in the local context.

It would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize more interior space over a massive yard and appreciate the stability of an established area. A thoughtful perspective is that this home seems to offer a "best-in-class" status on its specific block, which can provide a sense of pride and a buffer against market fluctuations compared to neighbouring properties.


Frequently Asked Questions

1. How does the assessed value relate to the likely market price?
The assessed value of $35,900 is for municipal tax purposes. The last recorded sale in 2023 was between $400k-$450k, which is the relevant benchmark for current market value. The assessment is consistently above average for the street, indicating the property is viewed favourably by tax assessors.

2. Is the home likely to need major updates?
Being 50 years old, some systems may be due for review or updating. However, the fact it is the newest home on its block (top 3%) can be a positive sign, potentially meaning it has had fewer owners or more recent upgrades than its immediate neighbours.

3. How does the lot size compare?
At 5,497 sqft, the lot is fairly typical for the area. It’s slightly larger than the Mission Gardens average but a bit smaller than the average lot on Perry Bay itself. It offers standard outdoor space without the extensive maintenance of a much larger plot.

4. What do the rankings actually mean for livability?
The rankings show this home "punches above its weight" on Perry Bay, offering more interior space and a newer build than most direct neighbours. This often translates to better comfort and potentially lower immediate maintenance costs compared to houses on the same street.

5. How can I get the exact historical sale price?
The precise sale prices are not published publicly. You can request the exact sold price history by emailing the listing service via the button provided. They manually provide this data without using your email for marketing spam.

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